This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Stocks in Motion

Updated from 12:31 p.m. EDT

Shares of SigmaTel (SGTL) were among the best-performing technology stocks Wednesday, rising 20.5% after the company posted third-quarter earnings and sales that easily outpaced expectations.

Excluding items, the chipmaker earned 37 cents a share on sales of $48.1 million. Analysts polled by Thomson First Call were expecting earnings of 29 cents on sales of $43.8 million. New product introductions and strong gains in the portable digital audio and portable PC markets led to the strong sales results. Looking ahead, the company expects earnings of 35 cents to 40 cents a share on sales of $55 million to $60 million. Analysts had been expecting earnings of 30 cents a share on sales of $44.9 million. Shares traded up $4.80 to $28.23.

Electronic Arts (ERTS) fell 4% after the company missed second-quarter earnings expectations and warned that third-quarter results would fall short of expectations as well. The video-game publisher earned 31 cents a share on sales of $715.7 million. Analysts were expecting earnings of 35 cents a share on sales of $714.1 million. Looking ahead, the company forecast earnings of $1.16 to $1.26 a share on sales of $1.4 billion and $1.475 billion. Analysts had been expecting earnings of $1.28 a share on sales of $1.5 billion. Shares traded down $1.87 to $44.79.

Shares of Jakks Pacific (JAKK) fell 31.1% after World Wrestling Entertainment (WWE) sued the company in a district court of New York. The 14-count complaint alleges that Jakks, two foreign subsidiaries of Jakks, THQ (THQI), a joint venture involving Jakks and THQ, Stanley Shenker & Associates and Bell Licensing committed numerous violations of the Racketeer Influenced and Corrupt Organization Act and violated anti-bribery provisions of the Robinson-Patman Act. WWE is seeking punitive and other damages as well as a declaration that the license with the joint venture and a related amendment to the toy license with Jakks is void and unenforceable. Jakks released a statement saying it "denies any allegations of wrongdoing and believes that it will be completely vindicated in the litigation." Shares of Jakks traded down $5.85 to $12.96.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LTON $1.02 -15.70%
ISON $0.00 0.00%
INTC $29.04 0.00%
MSFT $50.16 0.00%
AAPL $94.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs